Steel Connect, Inc. (STCN) financial statements (2021 and earlier)

Company profile

Business Address 1601 TRAPELO ROAD
WALTHAM, MA 02451
State of Incorp. DE
Fiscal Year End July 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:88763392123148198
Cash and cash equivalents88763392111131119
Short-term investments    121779
Other undisclosed cash, cash equivalents, and short-term investments(0)  (0)   
Receivables86931129981111131
Inventory, net of allowances, customer advances and progress billings14152448344049
Inventory14152448344049
Funds held for clients71914    
Deposits current assets   12131322
Other undisclosed current assets252031136814
Total current assets:219224213264258320414
Noncurrent Assets
Operating lease, right-of-use asset4956 
Property, plant and equipment718091107192223
Intangible assets, net (including goodwill)380392420447   
Goodwill257257257254   
Intangible assets, net (excluding goodwill)123135163193   
Other noncurrent assets67795710
Total noncurrent assets:507536518563232933
TOTAL ASSETS:726759732827281349447
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168181199167109152159
Accounts payable5770867871114120
Accrued liabilities11111111388383839
Employee-related liabilities      0
Deferred revenue533
Debt66126   
Restructuring reserve   0032
Customer advances and deposits13 22
Other liabilities30303942264051
Other undisclosed current liabilities1530576  (22)
Total current liabilities:223250257291149195211
Noncurrent Liabilities
Long-term debt and lease obligation371374369383605878
Long-term debt, excluding current maturities371374369383605878
Liabilities, other than long-term debt119181191020
Deferred revenue000
Deferred tax liabilities, net   1
Liability, pension and other postretirement and postemployment benefits  7   6
Restructuring reserve     0 
Other liabilities119111191013
Other undisclosed noncurrent liabilities37430   (7)
Total noncurrent liabilities:420425387394696891
Total liabilities:643675644684218263302
Temporary equity, carrying amount35353535   
Stockholders' equity
Stockholders' equity attributable to parent4849531086386145
Common stock1111111
Additional paid in capital7,4787,4787,4777,4687,4577,4567,452
Accumulated other comprehensive income9413424
Accumulated deficit(7,441)(7,434)(7,426)(7,364)(7,399)(7,373)(7,312)
Total stockholders' equity:4849531086386145
TOTAL LIABILITIES AND EQUITY:726759732827281349447

Income statement (P&L) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues668783820645437459562
Revenue, net437459562
Cost of revenue(518)(620)(670)(544)(400)(434)(507)
Gross profit:150163150101362554
Operating expenses(123)(131)(175)(110)(56)(65)(69)
Operating income (loss):2632(25)(8)(20)(41)(14)
Nonoperating expense(33)(32)(37)(27)(5)(16)(2)
Investment income, nonoperating(2)2534(5)15
Foreign currency transaction gain, before tax      2
Interest and debt expense(32)(34)(42)(30)(8)(11)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes3234423081111
Income (loss) from continuing operations before equity method investments, income taxes:(7)1(62)(35)(24)(57)(16)
Income from equity method investments  01 10
Income (loss) from continuing operations before income taxes:(7)1(62)(34)(24)(56)(16)
Income tax expense (benefit)(5)(6)(5)71(3)(5)(2)
Net income (loss):(12)(5)(67)37(27)(61)(18)
Other undisclosed net income attributable to parent    1  
Net income (loss) attributable to parent:(12)(5)(67)37(26)(61)(18)
Preferred stock dividends and other adjustments(2)(2)(2)(1)   
Net income (loss) available to common stockholders, basic:(14)(7)(69)35(26)(61)(18)
Other undisclosed net income available to common stockholders, diluted   8   
Net income (loss) available to common stockholders, diluted:(14)(7)(69)44(26)(61)(18)

Comprehensive Income ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income (loss):(12)(5)(67)37(27)(61)(18)
Other comprehensive income (loss)83(2)(2)2(1)(10)
Comprehensive income (loss):(5)(2)(68)35(25)(63)(29)
Other undisclosed comprehensive income, net of tax, attributable to parent    1  
Comprehensive income (loss), net of tax, attributable to parent:(5)(2)(68)35(24)(63)(29)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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